Heartland Credit Union Mortgage Rates, Fees & Info
Hutchinson, KSLEI: 549300CRPIDBSEMEY066
Tax ID: 48-0612011
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Mortgage Data
Review & Overview
Heartland Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Heartland Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Kansas City, Mcpherson, and Manhattan among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Heartland Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Heartland Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.13% | 11/22/24 |
| 30 Year Conventional Refi | 6.74% | 11/22/24 |
| 30 Year Cash-out Refi | 7.08% | 11/22/24 |
| 15 Year Conventional Purchase | 6.08% | 11/22/24 |
| 15 Year Conventional Refi | 6.38% | 11/22/24 |
| 15 Year Cash-out Refi | 6.38% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Heartland Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Heartland Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
767Origination Dollar Volume (All Markets)
$116,205,000Awards
HEARTLAND CREDIT UNION - 2020
HEARTLAND CREDIT UNION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 317 | $53,215,000 | $167,871 | $1,948 | 3.56% |
| Hutchinson, KS (FHA|USDA|VA) | 337 | $44,795,000 | $132,923 | $1,920 | 3.66% |
| Outside of Metro Areas | 58 | $8,330,000 | $143,621 | $2,110 | 3.54% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 20 | $2,930,000 | $146,500 | $1,829 | 3.51% |
| McPherson, KS (FHA|USDA|VA) | 11 | $1,625,000 | $147,727 | $1,951 | 3.87% |
| MANHATTAN, KS (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $2,568 | 3.44% |
| LAWRENCE, KS (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $2,916 | 2.97% |
| Salina, KS (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $943 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,640 | 3.25% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,376 | 3.00% |
| Ottawa, KS (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,623 | 4.37% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,475 | 3.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,516 | 2.94% |
| Duncan, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,157 | 3.38% |
| Columbus, NE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,981 | 3.38% |
| Winfield, KS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,127 | 3.89% |
| Emporia, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,825 | 3.75% |
| Hays, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $559 | 4.88% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,470 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against HEARTLAND CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 766 | $116,180,000 | $151,671 | $1,953 | 3.60% |
| HELOC | 1 | $25,000 | $25,000 | n/a | 6.25% |
For 2020, Heartland Credit Union's most frequently originated type of loan was Conventional, with 766 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2020, Heartland Credit Union's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 262 originations.
Loan Duration/Length
For 2020, Heartland Credit Union's most frequently cited loan duration was 30 Year, with 389 originations. The 2nd most popular length was 15 Year, with 171 originations.
Origination Fees/Closing Costs
Heartland Credit Union's average total fees were $1,962, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 591 originations.
Interest Rates
During 2020, Heartland Credit Union's average interest rate for loans was 3.59%, while their most frequently originated rate bucket for loans was 3-4%, with 397 originations.
Loan Sizing
2020 saw Heartland Credit Union place emphasis on $100k-200k loans with 353 originations, totaling $51,065,000 in origination value.
Applicant Income
Heartland Credit Union lent most frequently to those with incomes in the $50k-75k range, with 173 originations. The second most popular income band? $100k-150k, with 168 originations.
Applicant Debt to Income Ratio
Heartland Credit Union lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.78%
Heartland Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.62%
Heartland Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 767 | $116,205,000 | $151,506 |